Adan, Murphy, and Brown have capital balances of $24,000, $36,000, and $60,000, respectively. The partners share profits and losses as follows: a. The first $50,000 is divided based on the partners' capital balances. b. The next $50,000 is based on service, shared equally by Adan and Brown. Murphy does not receive a salary allowance. c. The remainder is divided equally. Read the requirements. Requirement 1. Compute each partner's share of the $121,000 net income for the year. (Complete all answer boxes. For amounts that are $0, make sure to enter "0" in the ap Adan Murphy Brown Total Net income (loss) Capital allocation: Adan Murphy Brown Salary allowance: Adan Murphy Brown Total salary and capital allocation Net income (loss) remaining for allocation Remainder shared equally: Adan Murphy Brown Total allocation Net income (loss) remaining for allocation Net income (loss) allocated to the partners Requirement 2. Journalize the closing entry to allocate net income for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit Date Accounts and Explanation Choose from any list or enter any number in the input fields and then continue to the next question. i Requirements e fl 1. Compute each partner's share of the $121,000 net income for the year. 2. Journalize the closing entry to allocate net income for the year. mal entry Done